HP Stock Drops After PC Maker Forecasts Industry Sales Decline

HP (HPQ) stock fell Monday after the PC and printer maker forecast industrywide personal computer sales will decline by mid-single digits next year. HPQ stock is a recent breakout. The Palo Alto, Calif.-based company delivered the forecast in a filing Monday with the U.S. Securities and Exchange Commission. “Consistent with current third-party industry forecasts, HP’s preliminary planning assumption is that…